Share Name Share Symbol Market Type Share ISIN Share Description
Ascential Plc LSE:ASCL London Ordinary Share GB00BYM8GJ06 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -7.80 -2.16% 354.00 355.00 355.40 363.80 349.60 363.40 910,408 16:35:27
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 348.5 28.9 52.2 6.8 1,419

Ascential PLC Money20/20 China

25/10/2019 7:00am

RNS Non-Regulatory


TIDMASCL

Ascential PLC

25 October 2019

RNS REACH

25 October 2019

Ascential plc

Money20/20 China

Ascential plc (LSE: ASCL.L), the specialist, global information company today announces that Money20/20 China, previously planned for 4-6 December 2019, has been deferred and will not take place this year. The previous edition of Money20/20 China in 2018 generated GBP2.5m of revenue and in 2019, the one-off costs relating to Money20/20 China are not expected to impact Adjusted EBITDA by more than GBP1.5m.

The decision to defer Money20/20 China has been taken in light of a short-term hiatus for international companies in the Chinese Fintech market, arising from a combination of macro-economic trends and changes in local market dynamics including significant changes in the Peer-to-Peer lending sector (an important revenue source in 2018). Management intend to return the event to Hangzhou in China in due course when market conditions are conducive to a high quality event that befits its importance.

 
 For further information, please contact: 
 FTI Consulting LLP                          020 3727 1000 
 Ed Bridges / Matt Dixon / Jamie Ricketts 
 

Ascential is a specialist, global, information company that helps the world's most ambitious businesses win in the digital economy. Our information, insights, connections, data and digital tools solve customer problems in three principal disciplines:

   --     Product Design via global trend forecasting service WGSN; 

-- Marketing via global benchmark for creative excellence and effectiveness Cannes Lions and WARC, and strategic advisory firm MediaLink; and

-- Sales via ecommerce-driven data, insights and advisory firm Edge by Ascential, leading managed services provider for Amazon, Flywheel Digital, the world's premier payments and FinTech congress Money20/20, global retail industry summit World Retail Congress and Retail Week.

Ascential also powers political, construction and environmental intelligence brands DeHavilland, Glenigan and Groundsure - together comprising the Built Environment and Policy segment.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

NRAEAKELAFFNFFF

(END) Dow Jones Newswires

October 25, 2019 02:00 ET (06:00 GMT)

1 Year Ascential Chart

1 Year Ascential Chart

1 Month Ascential Chart

1 Month Ascential Chart
Your Recent History
LSE
ASCL
Ascential
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:gb D:20200223 11:46:02